Repeat Worked-Out Problem 21.3, but assume instead that the salesperson's personal cost is C(H) = 1,000 +

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Repeat Worked-Out Problem 21.3, but assume instead that the salesperson's personal cost is C(H) = 1,000 + 4H2. In addition, while each car generates a profit of $1,000, assume that the dealership's profit from hiring the salesperson if he puts in no effort is instead $950.
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Microeconomics

ISBN: 978-1118572276

5th edition

Authors: David Besanko, Ronald Braeutigam

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